China's housing crash could set back millions of promising careers
Ivy Zhang figured she had it made.
Stay updated with breaking news from Cdaniel Fan. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Ivy Zhang figured she had it made.
(Bloomberg) -- Ivy Zhang figured she had it made.Most Read from BloombergUS Inflation Data Was Accidentally Released 30 Minutes EarlyWith a BlackRock CEO, $9 Trillion Vanguard Braces for TurbulencePutin and Xi Vow to Step Up Fight to Counter US ‘Containment’Jamie Dimon Sees ‘Lot of Inflationary Forces in Front of Us’Dow Average Touches 40,000 Before Pulling Back: Markets WrapFresh out of school after studying chemistry, she joined one of China’s biggest property companies in 2016, as the country
The State Council, China's Cabinet, plans to hold a video conference in the morning. Read more at straitstimes.com.
Country Garden was once China's largest property developer by sales, yet defaulted on its debt in October amid China's real estate crisis.
Country Garden’s debt crisis is entering a new chapter after a creditor filed a winding-up court petition in Hong Kong that adds pressure on the Chinese developer to quicken its restructuring efforts.